Property Overview: 330 Oak Street, North River Heights, Winnipeg
Key Characteristics & Appeal
This home is defined by its modern build and premium valuation within a well-established neighborhood. Built in 2015, it is a notably newer construction compared to most homes on its street and in North River Heights, offering contemporary systems and likely lower immediate maintenance. With 1,837 sqft of living space, it provides above-average roominess for the city and the local area. The property’s standout feature is its assessed value of $788k, which places it in the top tier (top 4%) for the neighborhood and citywide, signaling a high-quality build, desirable finishes, or a premium location within the community.
The appeal lies in acquiring a modern, turn-key home in a mature area without the uncertainties of an older structure. It suits buyers who prioritize modern convenience and are willing to pay a premium for it, as well as those who value a home that stands out statistically for its newness and value in its context. A thoughtful perspective is the lot size: at 4,821 sqft, it is slightly below average for Oak Street, suggesting the home’s value is driven more by the structure itself than by expansive outdoor space. This makes it ideal for buyers who prefer a lower-maintenance yard while still having a established neighborhood setting.
Frequently Asked Questions
1. Why is the assessed value so much higher than the area average?
The assessed value reflects the property’s modern construction (2015) and its above-average living area. In an area dominated by older homes, a newer build with contemporary materials and systems often commands a significant valuation premium.
2. What does the sold price range indicate?
The reported sold price range of CA$0.95M–1M (from 9/2024) confirms the premium market value, placing the sale in the top 1% for the area. This suggests the property attracted strong buyer competition and achieved a price well above typical neighborhood sales.
3. Is the lot size a drawback?
The lot is smaller than average for Oak Street but is around the median for North River Heights overall. It provides a manageable yard space. The trade-off is that the property’s value is concentrated in the home itself, which may appeal to those seeking less landscaping upkeep.
4. How does this home compare to others on the street?
It is one of the newest homes on the street (top 2%), with above-average living space and a significantly higher value. This indicates it is likely one of the most updated and substantial properties on the block, though on a somewhat more compact lot.
5. Where can I get the exact historical sold prices?
The site provides sold price ranges publicly. For fully verified, exact transaction figures, you must request a manual lookup via email, as this data is not sourced from the MLS system.